Old Established Cafe in North London For Sale

Occupying a corner position, prominent trading position, residential, office and commercial area, NW London

Turnover £ 3,000
Price £85,000

Features

Old Established Café

5 DAYS OPENING
FORECOURT TO FRONT WITH SEATING FOR 10 PEOPLE
5 STAR HYGIENE RATING

CORNER FRONTED PREMISES in the region of 380 ft² WITH SHUTTERS, tiled floor, ceiling with spot lights, 2 cool display counters with refrigerated storage section, cash register, Coffee Machine (2 Group), coffee grinder, microwave, drinks display fridge (glass fronted upright double-door), drinks display fridge (glass fronted upright), seating for 6 People.

Kitchen with fridge, freezer, microwave & oven.

Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor plus daughter with the assistance of 1 part time staff.

Trading Hours

5 Day week
MONDAY - FRIDAY 6am - 4pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £22,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote